Similar Search Results

The Disappointing Recovery of Output after 2009

Fernald, John G. - 2017

U.S. output has expanded only slowly since the recession trough in 2009, even though the unemployment rate has essentially returned to a pre-crisis, normal level. We use a growth-accounting decomposition to explore explanations for the output shortfall, giving full treatment to cyclical effects...

Persistent link: https://www.econbiz.de/10012953502

Financial Literacy and Retirement Planning in the United States

Lusardi, Annamaria - 2011

We examine financial literacy in the United States using the new National Financial Capability Study, wherein we demonstrate that financial literacy is particularly low among the young, women, and the less-educated. Moreover, Hispanics and African-Americans score the least well on financial...

Persistent link: https://www.econbiz.de/10013124228

U.S. Economic Activity During the Early Weeks of the Sars-Cov-2 Outbreak

Lewis, Daniel J. - 2020

This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most...

Persistent link: https://www.econbiz.de/10012837195

Why Has U.S. Inflation Become Harder to Forecast?

Stock, James H. - 2010

Forecasts of the rate of price inflation play a central role in the formulation of monetary policy, and forecasting inflation is a key job for economists at the Federal Reserve Board. This paper examines whether this job has become harder and, to the extent that it has, what changes in the...

Persistent link: https://www.econbiz.de/10012761277

Pensions and the U.S. Labor Market

Gustman, Alan L.; Mitchell, Olivia S. - 2021

market. Available evidence indicates that pensions must be viewed as part of a long-term employment relation. For this reason … and employment Combining information on employee characteristics, turnover and retirement patterns, company inputs and …-side information with employment and wage histories of employees …

Persistent link: https://www.econbiz.de/10013216869

Confidence Intervals for the Largest Autoresgressive Root in U.S. Macroeconomic Time Series

Stock, James H. - 2021

This paper provides asymptotic confidence intervals for the largest autoregressive root of a time series when this root is close to one. The intervals are readily constructed either graphically or using tables in the Appendix. When applied to the Nelson-Plosser (1982) data set, the main...

Persistent link: https://www.econbiz.de/10013233057

Prices, Wages and the U.S. NAIRU in the 1990s

Staiger, Douglas; Stock, James H.; Watson, Mark W. - 2021

Using quarterly macro data and annual state panel data, we examine various explanations of the low rate of price inflation, strong real wage growth, and low rate of unemployment in the U.S. economy during the late 1990s. Many of these explanations imply shifts in the coefficients of price and...

Persistent link: https://www.econbiz.de/10013236799

Business Cycle Properties of Selected U.S. Economic Time Series, 1959-1988

Stock, James H.; Watson, Mark W. - 2021

This paper catalogs the business cycle properties of 163 monthly U.S. economic time series over the three decades from 1959 through 1988. Two general sets of summary statistics are reported. The first set measures the comovement of each individual time series with a reference series representing...

Persistent link: https://www.econbiz.de/10013237567

Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy

Onatski, Alexei; Stock, James H. - 2021

This paper examines monetary policy in Rudebusch and Svensson's (1999) two equation macroeconomic model when the policymaker recognizes that the model is an approximation and is uncertain about the quality of that approximation. It is argued that the minimax approach of robust control provides a...

Persistent link: https://www.econbiz.de/10013310544

Business Cycle Fluctuations in U.S. Macroeconomic Time Series

Stock, James H.; Watson, Mark W. - 2021

various aspects of the macroeconomy, such as production, interest rates, prices, productivity, sectoral employment, investment …

Persistent link: https://www.econbiz.de/10013229821